JKB Financial Services Ltd.

As on : 14-Oct-2026

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14-Oct-2026 11:43

Navkar Corporation Limited stock rises 0.87%, securing a Rs 48.00 crore railway cargo terminal construction contract

Navkar Corporation Ltd. is up 0.87% to Rs 85.88, after recent declines, with the stock remaining flat over the last one week.

Navkar Corporation Limited announced it has received a Letter of Acceptance from the Office of the Sr. DCM, Commercial Department, Salem, Southern Railway, Tamil Nadu, for a contract to construct and operate a Gati Shakti Multi-Modal Cargo Terminal on railway land at Kulipalaiyam station. The contract, valued at approximately Rs 48,00,00,000, requires completion within 18 months and licenses the railway land for a period of 35 years. The company received the Letter of Acceptance at 3:00 p.m. on October 13, 2026, and confirms that neither promoters, promoter groups, or group companies have any interest in the awarding entity, and the contract does not constitute a related party transaction.

Navkar Corporation Ltd. shares saw a trading volume of 1.77 lakh today, a surge of 26.03% compared to the average volume over the past week. Navkar Corporation Ltd. tumbled by 33.10% year-over-year, underperforming the NIFTY50 index's loss of 9.93%.

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